2024.10.08 2024.10.08 US Dollar Sheds Its Ballast. Forecast as of 08.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Expectations of an aggressive 150-200 bp cut in the federal funds rate in the current cycle weighed heavily on EURUSD bears. The US labor market report for September provided a shift in this expectation. Let’s discuss this topic and make a trading plan. The article covers…
The AUDUSD fell below the 200 bar MA on the 4-hour chart and the 50% retracement of the move up from the September low at 0.67813. That ignited more selling that has continued today with the price moving and staying below the 61.8% of the move up from the September low at 0.67436. That is also the low of…
USD/JPY pares intraday losses and recovers above 148.00 amid firm US Dollar. Investors shift their focus to the US inflation data for September. A decline in Japan’s Overall Household Spending would diminish BoJ’s rate hike bets. The USD/JPY recovers its intraday losses and returns to the day’s high of 148.20 in Tuesday’s North American session. The major gains as…
2024.10.08 2024.10.08 Gold Retreats as Hopes for Big Fed Cut Fade. Forecast as of 08.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The availability of inexpensive liquidity from the Fed and other central banks has influenced the perception of gold as an investment vehicle. Previously, gold was purchased as a means of diversifying investment portfolios. The recent rally in the XAUUSD is attracting new…
As the North American session begins the JPY is the strongest and the AUD is the weakest. The USD is in the middle of the table with gains vs the commodity currencies (AUD, CAD and NZD) and CHF, and losses vs the EUR, GBP and JPY. There was a number of comments from bankers overnight. In the US, Feds…
Pound Sterling outperforms as BoEs slight dovish bets keep downside limited The Pound Sterling (GBP) outperforms its major peers on Tuesday, with investors focusing on Middle East tensions driving market sentiment. In Tuesday’s Asian session, Iran’s Foreign Minister Abbas Araqchi issued a warning to Israel that the nation will face a strong retaliation if it attempts to attack their infrastructure. Though…
2024.10.08 2024.10.08 Short-term Analysis for Oil, Gold, and EURUSD for 08.10.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Oil continued to trade in a short-term uptrend…
Fundamental Overview The USD rallied across the board last Friday following the hot US NFP report. The market priced out all the aggressive expectations and it’s now finally in line with the Fed’s projections. The focus remains on the economic data. The next key event to watch will be the US CPI report on Thursday. We will likely need…
The Pound Sterling remains vulnerable near 1.3060 against the US Dollar as investors expect the Fed to adopt a gradual rate-cut approach. Fed’s Williams expects that the central bank will not be in a rush to cut interest rates quickly. Investors await the US CPI and the UK GDP for fresh interest rate outlook. The Pound Sterling (GBP) strives…
2024.10.08 2024.10.08 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 08.10.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: the rate is expected to decline in impulse C. Consider short positions from the current level with Take…
